Floor planning is a form of financing for large ticket items displayed on showroom floors.
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Floor plan financing is also done for large appliances mobile homes and boats among other items and these products are usually sold to consumers with a financing contract.
Floor plan financing is a revolving line of credit that allows the borrower to obtain financing for retail goods.
Maximizing your floor plan management can put you in the fast lane to profitability.
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These loans are made against a specific piece of collateral i e.
Floor plan finance options are popular within the automotive industry.
From utilizing auto dealer floor plans to stocking seasonal inventory tips for managing a successful lot are only a click away.
For example automobile dealerships utilize floor plan financing to run their businesses.
The dealer then receives payment hopefully including a profit and remits the balance to the lender who in turn releases the title to the car to the new purchaser.
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While some lenders are unable to properly serve independent dealers nextgear capital has proudly served the independent dealer market for over ten years our floor plan financing options allow dealers to finance nearly any.
However not all inventory finance companies offer retail and dealership wholesale financing options.
We currently provide financing in 47 states and can serve your needs through our extensive network of regional managers and field offices.
Housable is providing information about specific properties that is furnished to users as a good faith estimate of the development potential of a property.
You should not in any way base your development investments or other financial decisions on this.
In a nutshell our dealer floor plan experts empower independent car dealerships through credit lines all of it backed by industry best customer service stellar back end account management and competitive rates.
Case studies supplementing working cash with a floor plan is a tried and true method to grow business.
Make your working capital work harder making optimum use of your floor plan also helps you efficiently manage your inventory position interest expense and unit turnover which will ultimately increase your profitability.
Our gold plan is the industry s only no fee floor plan and offers rates as low as 80 day per 1 000 financed.
Our floor planning financing model provides dealers with more buying power enabling them the ability to increase their inventory expand their profits and maximize their cash flow.
